Donghyun Thomas Hwang Sells 4,944 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) SVP Donghyun Thomas Hwang sold 4,944 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $118.59, for a total transaction of $586,308.96. Following the transaction, the senior vice president now owns 30,659 shares of the company's stock, valued at approximately $3,635,850.81. The trade was a 13.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Donghyun Thomas Hwang also recently made the following trade(s):

• On Wednesday, April 30th, Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00.

MACOM Technology Solutions Price Performance

MTSI traded down $1.19 on Thursday, reaching $122.36. The company had a trading volume of 357,663 shares, compared to its average volume of 677,638. The business has a 50 day simple moving average of $104.48 and a 200 day simple moving average of $120.92. The company has a market cap of $9.10 billion, a price-to-earnings ratio of -85.04, a P/E/G ratio of 2.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The business had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. During the same period last year, the business earned $0.59 earnings per share. The business's quarterly revenue was up 30.2% on a year-over-year basis. As a group, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on MTSI shares. Stifel Nicolaus cut their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Wednesday, April 9th. Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Finally, Truist Financial started coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 price target on the stock. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $130.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MTSI. Price T Rowe Associates Inc. MD grew its holdings in shares of MACOM Technology Solutions by 38.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock worth $519,399,000 after purchasing an additional 1,120,510 shares during the last quarter. Norges Bank bought a new stake in MACOM Technology Solutions in the fourth quarter valued at $82,833,000. Vanguard Group Inc. boosted its holdings in MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after acquiring an additional 368,979 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in MACOM Technology Solutions in the fourth quarter valued at $31,260,000. Finally, Nuveen LLC bought a new stake in MACOM Technology Solutions in the first quarter valued at $23,767,000. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.